One of the most common questions I get asked by clients is how to file for bankruptcy. In many cases our office takes care of most details regarding filing for bankruptcy protection. The basic steps are clients bring in documents to our office, that we...
If you have a small business and think that you may need to reorganize one option is a chapter 11 bankruptcy. This type of bankruptcy allows you to continue to run your business as the debtor in possession (DIP) while you work with your creditors...
A concern many of my clients have a when considering bankruptcy is how to obtain credit after bankruptcy has been filed. Typically clients will have credit scores in the low 500 range. Filing a bankruptcy can remain on a credit report for up to 10...
In order to file for personal bankruptcy protection in Minnesota you need to make sure you consult with a local bankruptcy lawyer to make sure you take all the right steps. Most of our clients want to know what are the pros and cons of...
The Bankruptcy Court in Minnesota is set to have a new judge come on board in the next few months. It will be interesting to see who the 8th Circuit Court of Appeals selects for the position. The new position is the result of Judge...
A survey recently found that home ownership has dropped to 65% in the United States. It also shows that housing prices have dropped around 32% from the peak of the market. This seems to be true across most of the county, although some areas have...
If you are thinking about protecting your assets in Minnesota in case of a financial setback one of the best ways is to continue to put money into qualified retirement accounts over the course of your working career. If your money is in one of...
It seems that a few times a year a celebrity or athlete will declare a chapter 7 bankruptcy. In this case the most recent bankruptcy by a former athlete is by Warren Sapp or made around 60 million dollars during his playing career, and currently...
I see clients everyday who have issues with gambling and may be have to file for bankruptcy protection to cover those gambling losses. In some cases these clients spend every free dollar on different forms of gambling. Some of these clients like casinos, lottery tickets,...
If you are thinking about filing for bankruptcy in Minnesota you need to look for the following qualities in your bankruptcy lawyer. 1. What do former clients think of the attorney? At our firm we pride ourselves on making sure our clients are happy with the...